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Bank of England and FCA Launch Digital Securities Sandbox Consultation for DLT Testing
4.4.2024
The Bank of England and the UK’s FCA have commenced a consultation process regarding the draft guidance for their Digital Securities Sandbox.
The post Bank of England and FCA Launch Digital Securities Sandbox Consultation for DLT Testing appeared first on Cryptonews
UK Regulators Publish Draft Guidance on Digital Securities Sandbox Open to DLT
3.4.2024
The DSS will last five years and could lead to a new regulatory regime for securities settlement
UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
9.2.2024
Crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking
UK's Digital Pound Approach Should Help Manage Privacy Concerns, Experts Say
31.1.2024
The U.K.'s approach to handling privacy concerns posed by a digital pound should help quench concerns, according to interviews with a wide range of crypto industry legal and technical insiders
Bank of England, HM Treasury Respond to Digital Pound Consultation Amid Strong Public Interest
27.1.2024
Amidst public interest, the Bank of England and HM Treasury have addressed key concerns regarding the digital pound, reassuring the public of stringent legislative measures for privacy and control, alongside the maintenance of traditional cash. HM Treasury and Bank of England Respond to Public’s...
Bitcoin is “Not Taking Off” as Mainstream Payment: BoE Governor
11.1.2024
Source: AdobeStock / Iakov Kalinin Andrew Bailey, Bank of England governor, says cryptos lost its momentum to keep up a in the mainstream payments system. He stressed that cryptos such as Bitcoin are “pretty inefficient” as a payment method as it has not “keep up the momentum.” “My own sense...
UK Treasury Advises Lower Limits on Retail Digital Pound Over Fears of Bank Runs
4.12.2023
The UK Treasury Committee advised proceeding slowly on a digital pound in a Dec. 2 report due to financial stability risks like sparking bank runs. Image by Alexey Novikov, Adobe Stock. The UK Treasury Committee released a report on December 2, advising the Bank of England to proceed cautiously...
UK stablecoin regulation begins to take shape in multiple FCA, BOE documents
6.11.2023
It’s not expected to come into force until 2025, but new publications from the FCA and BOE shed light on regulators’ thinking
Bank of England and UK’s FCA Propose Plans to Regulate Stablecoins
6.11.2023
The UK’s central bank and the financial regulator have both proposed plans to regulate stablecoins in discussion papers, published Monday. The Bank of England (BoE) revealed that the regulatory measures focus on sterling-denominated stablecoins. This is because they have...
UK Financial Watchdogs Publish Plans to Regulate Stablecoins
6.11.2023
The U.K. government published plans for regulating crypto last week
Fed, BOE officials share continuing interest in CBDCs, stablecoin regulation
27.10.2023
Sir Jon Cunliffe looks at payment solutions of the past and future in his last speech as deputy governor of the BOE
UK Residents Flags Privacy Concerns in Digital Pound Consultations: Bank of England
27.10.2023
The Bank of England (BOE) says the majority of 50,000 feedbacks it received from the public consultation on the digital pound revolve around privacy and fiat scarcity concerns. Jon Cunliffe, the bank’s Deputy Governor disclosed in a speech, Money and payments: a ‘black ships’...
Incoming BoE Deputy Governor Discusses Crypto's Value and Risks
13.9.2023
The incoming deputy governor of financial stability at the Bank of England (BoE) has said that crypto does not yet pose much of a risk to financial stability.
During a hearing held by Parliament's Treasury Committee, Sarah Breeden, set to assume her new role on November 1, discussed the value...
Incoming BOE Deputy Governor Highlights Crypto Risks, Cites Benefits at Parliamentary Hearing
12.9.2023
There are benefits to crypto technology, and the digital pound could anchor digital money, Sarah Breeden said
Today in Crypto: India's Central Bank Proposes AI-powered Conversational Payments System, India Wants to Utilize Crypto to Digitally Sign Documents, UK Recruiting For CBDC Academic Advisory Group
10.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: India's Central Bank Proposes AI-powered Conversational Payments System, India Wants to Utilize Crypto...
Bank of England Forms Digital Pound Advisory Group to Shape CBDC Design
10.8.2023
Announced on the Bank's Website on Wednesday, the Bank of England (BoE) has established a digital pound advisory group named the CBDC Academic Advisory Group (AAG) and is actively seeking specialists to join this group as the nation enters the CBDC design phase. ...
Read More: Bank of England Forms...
Bank of England Wants Digital Pound Advisers as It Moves to CBDC Design Phase
9.8.2023
The Bank of England has also started recruiting for its central bank digital currency engagement forum
Bank of England Remains Focused on Systemic Stablecoin Regime
9.8.2023
The UK central bank has released a consultation response on systemic stablecoins, suggesting that it remains committed to a systemic stablecoin regime.
On Tuesday, the Bank of England (BoE) released the "Payments Regulation and the Systemic Perimeter" framework, which agreed on co-supervision...
Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150 Million of Its $1 Billion Bonds, Bitstamp in Talks to Raise Fresh Funding, Brazilian CBDC Gets Its Official Name and Logo
8.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150...
Bank of England will get more power in regulating stablecoins
8.8.2023
The United Kingdom government could rebalance the power between the Bank of England and the country’s principal financial regulator, the Financial Conduct Authority